From Technical Views:
1. Price was broke above the wedge formation and retested on, we can expect a further upside on it.
2. But need to careful on SILVER, we still have a strong weekly structure haven't retest, the price may move to the downside messily to retest it and continue move to the upside.
From Institutional's views:
1. Bullish bias on SILVER.
2. But keep in mind, in the last data, both long and short positions were added a lot at the same time, 5.1k of long and 3.8k of short. we still can expect some weakness in SILVER.
How to approach SILVER
1. We can look for a long opportunity at the moment on the lower timeframe.
2 If the lower timeframe shows some weakness price action, we still need to careful about it like what I mentioned above.
The result might not follow my analysis, this analysis is based on TA and COT perspectives.
Comment down below let me know your view on SILVER.
1. Price was broke above the wedge formation and retested on, we can expect a further upside on it.
2. But need to careful on SILVER, we still have a strong weekly structure haven't retest, the price may move to the downside messily to retest it and continue move to the upside.
From Institutional's views:
1. Bullish bias on SILVER.
2. But keep in mind, in the last data, both long and short positions were added a lot at the same time, 5.1k of long and 3.8k of short. we still can expect some weakness in SILVER.
How to approach SILVER
1. We can look for a long opportunity at the moment on the lower timeframe.
2 If the lower timeframe shows some weakness price action, we still need to careful about it like what I mentioned above.
The result might not follow my analysis, this analysis is based on TA and COT perspectives.
Comment down below let me know your view on SILVER.